Latest news with #Sonoco
Yahoo
16-07-2025
- Business
- Yahoo
Sonoco to expand adhesives and sealants production with $30m investment
Sonoco Products Company has announced a capital investment of $30m in its Orlando, US, facility aimed at increasing its production capacity in the adhesives and sealants sector. The move is expected to add 100 million units to the company's annual output, addressing the rising demand for these products. Sonoco noted that the investment will focus on both upgrading current production lines and establishing new ones, which is intended to enhance operational efficiency. In addition to the company's Orlando site, the expanded capacity will be distributed across Sonoco's other two facilities in the US, a move designed to improve supply chain reliability and ensure consistent access to materials for customers. Orange County mayor Jerry Demings said: 'We are excited to see companies like Sonoco continue to invest and expand in Orange County. 'Their decision to grow here underscores the strength of our regional economy and reinforces the importance of supporting businesses that help diversify our economy. 'This investment not only benefits our community today but helps position Orange County for a more prosperous future, attracting companies that support our region and our people.' This development reflects Sonoco's ongoing efforts to adapt to market needs. Sonoco North America Rigid Paper Containers vice-president and general manager Elizabeth Rhue said: 'At Sonoco, we are committed to investing in the latest technology and production efficiencies to support the evolving needs of our customers. 'This investment strengthens our ability to deliver high-quality products while reinforcing our position as a trusted partner in the adhesives and sealants market.' In May this year, Sonoco published its corporate sustainability report for 2024, highlighting its shift towards more environmentally friendly practices. "Sonoco to expand adhesives and sealants production with $30m investment" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
08-07-2025
- Business
- Hamilton Spectator
Sonoco Achieves Prestigious Pet Sustainability Coalition (PSC) Accreditation
HARTSVILLE, S.C., July 08, 2025 (GLOBE NEWSWIRE) — Sonoco Products Company (NYSE: SON), a global leader in value-added sustainable packaging, today announced it has earned accreditation with the Pet Sustainability Coalition (PSC). Sonoco joined PSC in 2024 to align its packaging innovations with PSC's mission of advancing sustainable business practices across the pet industry. PSC accreditation is awarded to companies demonstrating tangible progress in environmental stewardship, social responsibility and transparent reporting. 'As a packaging provider with more than a century of experience, we see the pet sector as a powerful opportunity to apply our sustainability expertise where it matters most—to people, pets and the planet,' said Scott Byrne, Sonoco's Vice President of Global Sustainability. 'This recognition validates the work we're doing to offer scalable, circular solutions that deliver on both performance and environmental responsibility.' Sonoco's portfolio reflects this commitment with options that balance quality, freshness and recyclability. Its two- and three-piece steel cans offer durability, moisture protection and full recyclability. Meanwhile, its rigid paper containers feature up to 90% recycled fiber, supporting extended shelf life while reducing environmental impact. An example of this is the launch of German pet snack start-up DoggyLove treats in Sonoco's GREENCAN® container —made with 92–98% fiber, enhanced print capabilities and strong curbside recyclability. The brand called it 'a high-quality, sustainable solution that reflects the values of our company.' 'Every step toward becoming a more sustainable packaging solutions provider must be informed by a clear vision,' said Sonoco President and CEO Howard Coker. 'Our people are the driving force behind these initiatives and product innovations.' Sonoco's accreditation goes beyond packaging. Through the Sonoco Foundation (now known as Sonoco in Action), the Company has partnered with the Darlington County Humane Society to reshape the trajectory of animal welfare and education in Hartsville, South Carolina, where the Company is based. Learn more about Sonoco packaging and the PSC partnership at Sonoco's Insights . About Sonoco Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and fiber consumer and industrial packaging. The Company is now a multi-billion-dollar enterprise with approximately 23,400 employees working in 285 operations in 40 countries, serving some of the world's best-known brands. Guided by our purpose of Better Packaging. Better Life. ,® we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025. For more information on the Company, visit our website at . About the Pet Sustainability Coalition (PSC) The Pet Sustainability Coalition (PSC) is a nonprofit organization dedicated to accelerating environmental and social sustainability in the pet industry. By providing tools, resources, and support, PSC helps member companies implement sustainable practices and achieve meaningful impact.
Yahoo
03-07-2025
- Business
- Yahoo
Sonoco (SON) Soars 5.0%: Is Further Upside Left in the Stock?
Sonoco (SON) shares rallied 5% in the last trading session to close at $45.74. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.6% loss over the past four weeks. Sonoco's shares gained since the company announced it will report the second quarter 2025 results on July 23. In the first quarter of 2025, Sonoco reported adjusted earnings per share of $1.38 in the first quarter of 2025. The bottom line improved 23% from the prior-year quarter. Sonoco's net sales were $1.71 billion in the first quarter. The top line improved 31% year over year on gains from Eviosys acquisition and EMEA business. This packaging maker is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of +14.1%. Revenues are expected to be $1.9 billion, up 17% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Sonoco, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SON going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Sonoco is a member of the Zacks Containers - Paper and Packaging industry. One other stock in the same industry, Graphic Packaging (GPK), finished the last trading session 3.7% higher at $21.85. GPK has returned -3.8% over the past month. Graphic Packaging's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.45. Compared to the company's year-ago EPS, this represents a change of -25%. Graphic Packaging currently boasts a Zacks Rank of #5 (Strong Sell). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sonoco Products Company (SON) : Free Stock Analysis Report Graphic Packaging Holding Company (GPK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Sonoco names interim CEO for metal packaging segment following death of Tomás López
This story was originally published on Packaging Dive. To receive daily news and insights, subscribe to our free daily Packaging Dive newsletter. Following the death of Tomás López, Sonoco announced Monday the appointment of an interim CEO at Sonoco Metal Packaging EMEA, a unit Sonoco integrated and rebranded following its acquisition of Eviosys. Sonoco Chief Operating Officer Rodger Fuller, who has been with the company for more than 40 years, is now the interim CEO at Sonoco Metal Packaging EMEA. 'While Tomás' passing comes as a shock, Rodger will provide leadership stability working with the SMP EMEA leadership team to continue our vision of building the largest, most sustainable global metal packaging enterprise,' Sonoco CEO Howard Coker said in a news release. López had served as CEO of Switzerland-based metal packaging company Eviosys prior to its acquisition by Sonoco in December 2024. He died in his hometown of Murcia, Spain, the company reported. 'It is with great sadness to reflect on Tomás passing. He was truly a visionary leader in the European metal can-making industry,' Coker said in a statement. López began his can-making career in 1980 at Mivisa Envases, a Spanish manufacturer of food cans and ends. He helped the company grow into the largest food can producer in the Iberian Peninsula and Morocco, according to Sonoco's news release, and he became CEO in 2005. Mivisa was acquired by Crown Holdings in 2014. Eviosys later formed in 2021 when KPS Capital Partners purchased Crown's food and consumer packaging assets in Europe, the Middle East and Africa. Fuller is a regular speaker during Sonoco's quarterly earnings calls, frequently discussing the company's M&A activity, among other footprint and portfolio changes. Besides the Eviosys acquisition, Sonoco has undergone significant structural and strategic changes in the last 18 months, including reworking its business units to make metal packaging one of four core businesses. Recommended Reading Sonoco completes $3.8B acquisition of Eviosys Sign in to access your portfolio
Yahoo
01-07-2025
- Business
- Yahoo
Sonoco To Report Second Quarter 2025 Results
HARTSVILLE, S.C., July 01, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company ('Sonoco' or the 'Company')(NYSE: SON), a global leader in high-value sustainable packaging, will announce second quarter 2025 results on Wednesday, July 23, 2025, after the market closes. The Company will host a conference call to discuss these results on Thursday, July 24, 2025, at 9:00 a.m. Eastern Time. A live audio webcast of the call along with supporting materials will be available on the Sonoco Investor Relations website at A webcast replay will be available on the Company's website for at least 30 days following the call. Event: Sonoco Second Quarter 2025 Earnings Webcast Time: Thursday, July 24, 2025, at 9:00 a.m. Eastern Time Audience Dial-In: To listen via telephone, please register in advance at Analysts and Participants will receive their unique dial in details with a PIN by email to join the conference call upon registration. Webcast Link: About Sonoco Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and fiber consumer and industrial packaging. The Company is now a multi-billion-dollar enterprise with approximately 23,400 employees working in 285 operations in 40 countries, serving some of the world's best-known brands. Guided by our purpose of Better Packaging. Better Life.®, we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was proudly named one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025. For more information on the Company, visit our website at Contact: Roger Schrum 843-339-6018 Sign in to access your portfolio
